Economy / FinanceEurope

Energy ‘Massacre’: 20 More Suppliers To Go Bust in UK Next Month

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A leading UK-based gas and electricity company says the county’s energy market is facing an absolute “massacre” that could lead to the bankruptcy of at least 20 suppliers in the next month alone. “There is a significant risk you could see the market shrink all the way back to five to six companies,” Scottish Power Chief Executive Keith Anderson told the Financial Times newspaper on Thursday. Scottish Power is Britain’s fifth largest energy supplier with around 8 percent of the domestic gas supply market, according to data from regulator Ofgem. “We expect, probably in the next month, at least another…

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